Core Insights - The personal pension products have shown unexpectedly high returns, with some individuals reporting yields exceeding 9% [1] - There is a phenomenon of "hot openings but cold deposits" in the personal pension business, indicating a disparity between the number of accounts opened and the actual deposit rates [3] - Banks are shifting their focus from merely increasing account openings to enhancing actual deposit rates [3] Group 1: Current Trends in Personal Pension Accounts - Many banks are promoting personal pension account deposits through various incentives, such as WeChat discounts for new account holders [2] - Agricultural Bank offers a "deposit gift package" to encourage contributions, with potential rewards for meeting certain deposit thresholds [2] - Other banks, including Ping An Bank and Beijing Bank, are also providing multiple incentives for account holders to deposit funds [2] Group 2: Challenges in the Personal Pension Market - The actual deposit rate remains low despite the high number of account openings, with only a small percentage of customers reaching the annual deposit limit of 12,000 yuan [3] - Factors contributing to low deposit willingness include limited tax benefits for eligible individuals and a lack of awareness regarding personal pension products [3] Group 3: Product Development and Market Potential - The personal pension product market has expanded significantly, with over 1,100 products available, including various types such as savings, funds, and insurance [5] - The average return for FOF-type personal pension funds is close to 5%, with some products yielding over 15% this year [6] - The personal pension system has substantial market potential, and banks are encouraged to innovate and collaborate with external institutions to enhance product offerings and customer engagement [7] Group 4: Recommendations for Investors - Investors are advised to diversify their asset allocation based on their risk tolerance and retirement goals, focusing on products with stable historical performance [8]